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GOLD DREDGING.

The Directors of the Stonoy and Moaquite Lead Gold Mine and Dredging Company Limited have had a second pad. dock sunk in the Company's ground, 20ft long x 15ft wide x 23ft deep, measuring 255 cubic yards of wash with a yield of Bozs lOdwts of gold, giving an average value of 2/8d per yard. The Directors are negotiating now for a suitable dredge. The Greenstone Junction is still undergoing repairs to the elovator and ladder. This work will occupy a few days before completed. The gantry, has been repaired and altered to suit the telescope ladder. The wing dam to turn the creek is being pushed on, and will be finished in a few days. This will alter the course of the stream and free the dredge from the silt which was her previous drawback. The Greenstone Creek Company's dredge is working splendidly, lifting 40 loads an hour, although the wash is tight, the dredge is able to work it. She is now into the creek, and almost in a line with the prospecting shaft in which favorable prospects were obtained. The Ross correspondent of the Guardian learns that the Totara dredge has again met with a mishap, having, it is stated, broken her shaft. The warning to dredge builders to have their plant sufficiently strong to cope with the work is very forcible. An exchange says that a Christohurch syndicate are securing the Buller Dredge, and intend fixing it up properly with some improvements. A tramway has been constructed from Island Creek to the Fairdown building site. The contractor is pushing on the construction of the pontoons, and expects tofinMi before the specified time. At an extraordinary general meeting of shareholders of the Mahinapua Gold Dredging Company, held at the company's office, Wellington, on Tuesday, the resolution increasing the capital of the company by £SOOO was confirmed. An Auckland Press wire says:—lt is stated that a reef, three feet wide and the richest ever worked in the district lias been discovered in Hardy's Premier Mine, Waiorongomai, Te Aroha. This may prove a find of the utmost importance to the Te Aroha district as there are plenty as reefs abcut, but hitherto the comparative absence of any really rich discoveries has served to check anything like systematic prospecting.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/GEST19010618.2.12

Bibliographic details
Ngā taipitopito pukapuka

Greymouth Evening Star, Volume XXXI, 18 June 1901, Page 2

Word count
Tapeke kupu
381

GOLD DREDGING. Greymouth Evening Star, Volume XXXI, 18 June 1901, Page 2

GOLD DREDGING. Greymouth Evening Star, Volume XXXI, 18 June 1901, Page 2

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